11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
CPO prices has climbed nearly 9% so far in February albeit from depressed levels given the nearly 50% slide in prices over 2014. Prices have increased due to a fall in output in Malaysia as unfavorable weather has hampered production. Malaysian CPO production declined 15 per cent to 1.16 million tons in January 2015 from 1.4 million tons in December 2014.
The Malaysian government announced…